Ontario rates
Mortgage rates in Ontario
Today's fixed and variable rates for Ontario homebuyers and homeowners, in CAD. Your rate depends on your profile, property, and whether your mortgage is insured.
4.45%
Prime rate
3.25%
5-yr GoC bond yield
5.25%
Benchmark qualifying rate
Ontario rates
Today's Ontario mortgage rates
| Term | Type | Insured | Uninsured | Notes | |
|---|---|---|---|---|---|
| 1-year | Fixed | 5.59% | 5.79% | Maximum flexibility | Get this rate |
| 2-year | Fixed | 5.14% | 5.34% | - | Get this rate |
| 3-year | Fixed | 4.94% | 5.09% | Shorter commitment | Get this rate |
| 4-year | Fixed | 4.89% | 5.04% | - | Get this rate |
| 5-year | Fixed | 4.79% | 4.99% | Most popular | Get this rate |
| 5-year | Variable | 5.20% | 5.40% | Prime − 0.90% | Get this rate |
Illustrative, in CAD, and subject to change. Insured rates require qualifying default insurance (typically less than 20% down). Your rate is subject to qualification, the stress test, and approval. Not an offer of credit.
Closing costs
Buying in Ontario
Ontario charges land transfer tax on a home purchase.
On a $500,000 home
$6,475
Estimated land transfer tax
First-time buyer estimate
$2,475
After up to $4,000 rebate
FAQ
Ontario mortgage questions
The lowest advertised rate isn't always the best fit - your rate depends on your down payment, credit, property type, and whether the mortgage is insured. We shop multiple lenders to find your best overall option.
Across Canada
Rates in other provinces
Ready to make your mortgage work for you?
Pre-approval takes minutes, with no impact to your credit score.